This is a depreciation recapture. However, if taxpayer instead sells the property for $1200, because his recomputed basis is $600, $400 of the gain is taxed as ordinary income and $200 is taxed at the more favorable capital gains tax rate.
The tuition charge is $10,088 while room and board is $8,270, books and supplies are $1,130 and other fees come in at $1,929. Residents of Virginia pay an annual total price of $21,417 to attend Virginia Tech on a full time basis.
A student who enrolls at Virginia Tech under the non-degree program must meet minimum requirements set by the university. All students must be in good standing at their current school and have at least a recalculated 2.0 GPA to be considered for non-degree student status.Transcripts are required.This means that 25% of freshmen offered admission to Virginia Tech scored below 1160 on the SAT (combined critical reading and math) and 25% of freshmen offered admission scored above 1340 on the SAT (combined critical reading and math).